By seeking parliamentary approval for the bank recap program, the government has sent a message that it is serious. Stocks like PNB, which we had recommended yesterday, were up by nearly 7% and the story may have just begun. We have been mentioning Read more [...]

Shortly after cutting the rate of interest on PPF, the government has also gone ahead and replaced the 8% RBI bonds with 7.75% bonds literally cutting rates by 25 basis points. This is one more indication that the government is keen to remove the distortions Read more [...]

Mr. Suresh Prabhu has committed that the new Industrial Policy could be out in a few months and that the intent is to get $100 billion of annual FDI into India. Currently, India already receives $60 billion of FDI each year and is the world’s largest Read more [...]